SEBI
Indian regulator receives 20 applications for AIF approval
The Securities and Exchange Board of India (SEBI) has received 20 applications from fund managers for Alternative Investment Fund (AIF) status, the new regulatory classification designed to improve oversight of private equity, real estate and hedge fund...
India regulator pulls plug on ACA PE’s Repco Home deal
The Securities and Exchange Board of India (SEBI) has vetoed ACA Private Equity Trust’s proposed investment into Repco Home Finance because it contravenes the country’s venture capital regulations.
India eases rules on entrepreneurs’ post-IPO lock-up
India has altered rules concerning the lock-up on entrepreneurs’ shares post-IPO in order to make it easier for companies to list. This is expected to support companies that go through several stages of private equity funding.
India funds given six months to comply with new regulations
Indian private equity funds have been given a six-month window to comply with new rules governing alternative investment funds (AIFs). While existing vehicles are free to complete their investment cycles, they will not be able to raise fresh capital until...
The listening regulator
To ask an Indian private equity professional what he thinks of domestic regulators is to invite a torrent of feedback, most of it critical. “They don’t understand the industry… They don’t listen to what we have to say… They are incompetent…”...
Indian regulator finalizes PE oversight measures
The Securities and Exchange Board of India (SEBI) has released a final version of regulations intended to tighten its control over the private equity industry. The new rules governing alternative investment funds (AIFs) replace the venture capital funds...
India relaxes rules on secondary deals by foreign PE firms
Foreign private equity and venture capital firms now have license to pursue direct secondary transactions in India after the country’s central bank relaxed regulations on their activity. It potentially opens the door to a string of asset purchases from...
Indian regulator unveils plans to help promoters reduce holdings
The Securities and Exchange Board of India (SEBI) has released proposals designed to make it easier for entrepreneurs or promoters to lower their stakes in companies in order to meet minimum public shareholding limits. Share buybacks via tender offers...
India alters rules on anchor investors, PE disclose for IPOs
Anchor investors in IPOs by Indian companies must put in at least INR50 million under new rules introduced by the Securities and Exchange Board of India (SEBI). The threshold, designed to ensure that only serious players enter the fray, comes alongside...
Private equity and the state
The state, particularly in Asian countries, has always played a big role in the private equity industry. While almost all growing regional economies have helped nurture PE through sovereign wealth funds – fueled by foreign exchange and other cash reserves...
CII calls for alterations to SEBI's proposed PE regulations
Private equity funds should be allowed to invest up to 33.33% of their corpus in equity and debt instruments of listed companies, the Confederation of Indian Industry (CII) has said. The group thinks this condition provides necessary flexibility to private...
Indian regulator proposes new measures for funds oversight
The Securities and Exchange Board of India (SEBI) has published draft regulations that would tighten its control over alternative investment funds (AIFs). Vehicles specializing in private equity, venture capital, PIPE, infrastructure, real estate and...
SEBI implements new takeover rules
The Securities & Exchange Board of India (SEBI) has mandated that an investor must own at least 25% of a company in order to launch a takeover bid for that asset, up from the current 15% threshold.